LU-VE GROUP: PURCHASE OFFER PRESENTED FOR A BRANCH OF ITALIA WANBAO ACC SRL TO CONVERT PRODUCTION TO HEAT EXCHANGERS
LU-VE Group has presented a binding proposal for the purchase of a branch of Italia Wanbao ACC (WACC), located in Mel (Belluno), currently under special administration.
LU-VE Group has presented a binding proposal for the purchase of a branch of Italia Wanbao ACC (WACC), located in Mel (Belluno), currently under special administration.
The proposal provides for the complete industrial reconversion of the activities, in order to expand the production of static heat exchangers for refrigerated cabinets, air conditioning, chillers and heat pumps, already made by LU-VE Group in the Limana (Belluno) factory, headquarters of the subsidiary SEST SpA, as well as in other Group factories.
The proposal is binding, albeit conditional on the reaching of agreements with all interested parties and, if accepted, provides for the absorption of a part of the current WACC workforce within three years and total investments in the site of approximately € 6 million.
With record 2021 results (product turnover up 23.1% to € 483.1 million and order book at € 180.2 million, more than doubled compared to last year), LU-VE Group is accelerating its expansion plans.
With this operation, the company aims to expand its production base, making the activity of the Mel plant compliant and consistent with the Group’s core business by installing heat exchanger production lines.
In addition, the proximity of the production sites of Mel and Limana would allow LU-VE Group to optimize the management of the logistics of the two plants, with the possibility of creating a single logistics center to work alongside the existing production centers in the Czech Republic, Poland, Russia, India and USA.